Today's Currencies Pulse
Rupee flat on hopes West Asia truce will hold
The Indian rupee held steady as markets priced in hopes that a West Asia truce would hold, hovering near ₹95.78 per dollar after slipping 8 paise in early trade. Traders kept a close eye on geopolitical developments while the currency remained largely unchanged.
Pound Slips 0.27% as Fed‑BoE Policy Divergence Fuels Market Unease
On Tuesday in European trading, the British pound (GBP) fell 0.27% to around $1.3280, underperforming against major currencies except the NZD. The slide reflects market uncertainty ahead of the Bank of England’s rate decision on Thursday and the Federal Reserve’s policy meeting on Wednesday, both expected to hold rates steady amid Middle East geopolitical tensions.
Offshore Yuan Hits 6.88 per Dollar, Signaling Resilience Amid Geopolitical Tensions
On March 17, 2026, the offshore Chinese yuan strengthened to about 6.884 per U.S. dollar, while the onshore central parity rate moved to 6.8961. The rally came as China posted accelerated factory output and retail sales, even as President Trump...
Indian Rupee Slides to Record Low Near 92.40 per Dollar on Oil Surge and FII Outflows
On March 18, 2026, the Indian rupee slipped 14 paise to 92.42 against the U.S. dollar in early trade, marking a historic low near the 92.40 level. The depreciation was attributed to a surge in crude oil prices and significant...
Japanese Yen Slides Near 159.40 as Govt Mulls Intervention
On Tuesday in Asian trading, the yen weakened to about ¥159.40 per US dollar, a move driven by a stronger dollar and rising oil‑linked inflation fears. Finance Minister Satsuki Katayama signaled the government is ready to act, while BoJ Governor...
Dollar Slides From 10‑Month High as Traders Eye Fed, ECB, BoE and BoJ Decisions
On March 17, 2024, the U.S. dollar slipped 0.40% against the Swiss franc and 0.31% on the dollar index after reaching a 10‑month high of 100.54. The decline came as traders repositioned ahead of policy announcements from the Federal Reserve,...
Fed Governors Finally Challenge Chair, Splitting Along Politics
A longstanding taboo around Fed governors dissenting against the chair has been broken. Recent fractures have fallen along political lines. On what that means for the institution—and for the next chair. https://t.co/7S1YacOpoW
PBOC Sets USD/ CNY Mid-Point Today at 6.8909 (Vs. Estimate at 6.8798)
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.8909 for the current session, modestly above the 6.8798 market estimate. The central bank maintains the yuan’s daily fluctuation band at plus or minus 2% around this midpoint....
Fed Rate Call Sets Direction for Stocks and Dollar
My latest on tomorrow FED rate decision and what to expect for stocks and the US dollar
Liquidity Faces a Bit of Squeeze as Rs 2 Lakh Crore Flows to Tax Kitty
India's banking system liquidity surplus shrank to ₹75,483 crore after a ₹2 lakh crore advance‑tax outflow, pushing overnight money‑market rates to 5.31 %. The RBI responded with a 7‑day variable‑rate repo, but attracted only ₹48,014 crore in bids. Simultaneously, the central bank sold over $15 billion...
RBA Responds to Domestic Strength and Rising External Risks
On March 17 the Reserve Bank of Australia lifted the cash rate by 25 basis points, marking its second straight increase and a sharp reversal from the gradual easing path pursued throughout 2025. The hikes respond to inflation running above...
Tomorrow's FOMC Meeting: Most Critical Decision Yet
Tomorrow will be the most imporant FOMC meeting of our lives Until the next one
Smart Money Waits for Liquidity, Not Market Chasing
Smart Money doesn’t chase the market — it waits for liquidity. Price tapped into the Fair Value Gap after grabbing liquidity and then delivered a clean bearish move. This is the power of ICT & Smart Money Concepts: understanding where institutions...
Why Traders Lose and How to Reverse It By Outsmarting Your Broker
Retail forex traders often lose because of behavioral biases rather than broker manipulation. The article explains that taking profits early and letting losses run creates a mathematical edge for brokers through spreads and commissions. It outlines a disciplined, business‑like approach—risk...
Dollar's Dominance: The World’s Reserve Currency Forever
The U.S. dollar will be the world’s reserve currency until the day you die. Everyone wants the U.S. dollar 🇺🇸💵 Everyone ✋
Why the Digital Euro Needs Worker Input
The European Central Bank’s digital euro proposal aims to cement Europe’s digital sovereignty and foster fair competition ahead of a potential 2029 launch. Advocates argue that the CBDC must be sovereign, public, and inclusive to win trust from citizens and...
Traders Bet Fed Dovish; Stocks Rise, Dollar Falls
🚨 TRADERS JUST TIPPED THEIR HAND BEFORE FED The market is already telling us what to expect from the Fed - and smart traders are paying attention. Stocks are rallying and the dollar is pulling back ahead of Wednesday's Fed decision. That's...
The Daily Feather — Shockers
The Daily Feather’s new post spotlights the oddball nicknames of U.S. colleges, zeroing in on Wichita State University’s “Shockers.” It traces the Shockers moniker to early 20th‑century wheat‑harvesting students who earned a reputation for “shocking” the grain. The article pairs...
Rupee Falls 12 Paise to Settle at Record Low of 92.40 Against US Dollar
The Indian rupee slipped to a provisional all‑time low of 92.40 per U.S. dollar, down 12 paise, as rising Brent crude prices and sustained foreign institutional investor outflows weighed on the currency. The decline was amplified by geopolitical tension in West...
RBA Hike Hints at Tighter Path for Single‑mandate Banks
As expected, the Reserve Bank of Australia (RBA) hiked interest rates by 25 basis points. Markets suspect this telegraphs what's on the cards for other single-mandate central banks, such as the Bank of England and the ECB. While a hike isn't...
RBA Raises Rates to 4.1% as BOJ Stalls
The RBA hiked its benchmark rate to 4.1%. That is the first major central bank this week of a long list. If you want to pit it against the most prominent carry counterpart and contrast against rate of change, it...
RBA Ready to Destroy Itself?
The Reserve Bank of Australia (RBA) is under market pressure to increase interest rates as inflation remains sticky. The author argues the RBA should refrain from a hike, citing a historical parallel where the European Central Bank raised rates in...
Fed Faces Tension Over Near‑Term Rate Cut Projections
The Fed might prefer to say nothing this week. But the projections force them to sketch out a path. Two former Fed presidents told me they'd want to avoid projecting near-term cuts in the current situation. Whether sitting officials do...
Dollar Index Slides 1% From Weekly High
US Dollar Index $DXY $USD $UUP now 1% off the week's high.. back-to-back bearish sessions @stockcharts https://t.co/hy3tIXMCbo
Miran’s Next Vote
Polymarket now prices a 98% chance that Fed governor Stephen Miran will dissent from the upcoming Federal Reserve decision, up from 89.1% after the Iran war began. The odds surge highlights heightened market focus on any deviation from the committee’s...
USD/CAD Nears Key Resistance, Breakout Risk Rising
Canadian Dollar Short-term Outlook: USD/CAD Tests Pivotal Resistance– Breakout Risk Builds https://t.co/QS7PNM8IKo $USDCAD Daily & 240min Charts https://t.co/SQnqfzZO43
Dollar Holds Firm as Fed Decision Looms
Quick video update on the $DXY levels ahead of tomorrow's Fed decision. U.S. Dollar Strength Meets #Fed Uncertainty Ahead of Critical Rate Call https://t.co/0jeM9epKXi
Pulled in Opposite Directions, the Swiss National Bank Is Likely to Keep Rates Steady
The Swiss National Bank (SNB) is expected to keep its policy rate at 0% as inflation remains near‑zero, hovering between 0.1% and 0.3% year‑on‑year. Recent forecasts show a modest rise to 0.2% in 2026 and 0.8% by mid‑2028, supporting a...
Fed Decision Drives Market Moves: Stock & Dollar Strategy
The Fed is about the move the markets - Here's the trading plan for stocks and the US dollar 👇 https://t.co/kWQkl5Peg1 #FOMC #Forex https://t.co/xIaWfeqjPc
RBA Narrowly Hikes; Trump‑Xi Summit Delayed; China Curtails Fertilizer
RBA Hikes in a 5-4 Decision, Trump-Xi Meeting Postponed, Beijing Tightens Restrictions on Fertilizer: There have been three developments to note. First, President Trump’s trip to China has been postponed by at least a month. The White House linked it...
FX Talking: Forecast Table
ING’s research team released its latest foreign‑exchange forecast table on 16 March 2026, drawing on Refinitiv data and internal modeling. The outlook covers major pairs such as USD/EUR, GBP/USD, and emerging‑market currencies, highlighting expected rate movements through the year. Analysts attribute the...
RBA Hike Ahead,
3 Developments: RBA hike, and mkt favors another one by mid-year. Trump-Xi meeting postponed by at least a month. Reason? War. Beijing tightens exports of fertilizer components. Oil firm but in yesterday's range. USD quiet. See https://t.co/QYsOxDPAlE...
RBA Leads Rate Hikes, Others Remain Silent
All talk, no action from other central banks this week, except for the RBA which hiked rates to 4.10%, the highest among DM central banks. https://t.co/JKCGcBPwIG
Global FX Derivatives Market Overview: Size, Structure and Uses
Global FX derivatives daily turnover hit $6.6 trillion in April 2025, about double the 2013 level. While FX swaps still dominate, outright forwards and options are growing fastest, reshaping product composition. Trading remains concentrated in London, though Asia‑Pacific’s share is rising and...
Yen Slides Below Mid‑2024 Low; Intervention Won’t Halt Decline
The Yen has fallen below its previous low from mid-2024. This even though we're within two months of the NY Fed "rate check," which temporarily lifted it. As long as Japan believes in FX intervention, it's in denial on debt...
Middle East Conflict Ends Expected BoC Rate Cuts
The Stage Was Set For Bank Of Canada Cuts Later This Year: That's All Gone Now Today's CPI Report would have provided cover for the BoC to cut its key rate at the end of April or June but the War...
Why Global Treasurers Are Realigning Financing with RMB Exposure
Global corporates are confronting a pronounced mismatch between their Renminbi (RMB) operating exposure and the currency composition of their debt. While roughly a quarter of revenues and costs are RMB‑denominated, only 14% of corporate debt is issued in the currency,...
Higher Rates, Free Market, Not Fed Cuts, Win
There's going to be a lot of people complaining this week when the Fed doesn't cut rates. Let them. It's the right decision. In fact, interest rates should be much higher than where they are today. The free market should...
Dollar's Rise Is Modest; Will Fall Post‑war
The Dollar has risen against the G10 (lhs) and against EM (rhs), but - once you factor in that this shock is at least 3 times as big as Russia's 2022 invasion of Ukraine - it's trading quite soft. We're...
KCM Trade Launches Copy Trading Service
KCM Trade, a global CFD broker, has introduced KCM Trade Copy, a mobile copy‑trading platform now available on iOS and Android. The app lets clients automatically mirror the trades of vetted Master Traders in real time, with adjustable lot sizes,...
Falling Metals Signal Strengthening Dollar Trend Over Daily DXY Fluctuations
Falling prices of precious metals are a signal that the dollar is getting stronger overall, even though today the DXY may be down a little. What really matters is the trend and not a day in the life of a...
Bessent Mirrors 1992 BOE: Fighting USD Collapse Over Oil
Bessent now finds himself in the position of the Bank of England in 1992 when Soros, Druckenmiller, & Bessent "broke the BOE": Trying to prevent the USD from collapsing v. oil with a finite amount of oil reserves as markets &...
FX Alert: The Dollar Is Sitting In The Captain’s Chair While Oil Holds The World Economy Hostage
Oil prices are hovering near multi‑year highs as the Strait of Hormuz remains a bottleneck, keeping the energy risk premium elevated. The surge in crude costs has reinforced the U.S. dollar’s dominance, with the Dollar Index perched at the top...
Billions in FX Options Set to Expire Tomorrow
Notable FX options expiring tomorrow: 1.6 bln euros at $1.15 $720 mln at JPY158.40 A$430 mln at $0.7100 and A$485 at $0.7045 $685 mln at BRL5.20 $550 mln at CAD1.3645
USD Overbought, Potential Correction Boosts Commodities
US Dollar $USD About to correct? Far above moving average ribbons. Dollar down = Bullish commodities. https://t.co/BLfBbDOCMp
What Are the Main Events for Today?
The European session shows little catalyst, keeping markets rangebound while traders monitor the escalating US‑Iran conflict in the Strait of Hormuz. In North America, the spotlight shifts to Canada’s CPI release, with the Trimmed Mean inflation rate projected at 2.3%...
DXY Bears Inside Day, Mirrors VIX Retreat
The $DXY Dollar Index has put in for a bearish 'inside day' from a technical analysis perspective. Happens to align to the $VIX retreat - though the 10-day correlation is waning. Is the Dollar more aligned as a safe haven,...
Prepare for the Week, Trade Live with Us
📆First we will prepare you for the week ahead 📈Then we will trade it LIVE Join US https://t.co/VB3DW4Bub5
Zeal Group (Traze, ZFX) Hires Equiti Alum Ahmed Pasha to Head Risk and Trading
Zeal Group, the London‑based FX and CFD broker behind the Traze brand, has appointed Ahmed Pasha as Global Head of Risk and Trading. Pasha arrives after a seven‑year stint at Equiti Capital, where he most recently led Trading Analytics, and...
Warsh Delay Helps Him, Harms Powell Amid Oil Shock
“Interestingly, any delay in Warsh’s confirmation is a gift to Warsh and a curse for Powell as the Fed now faces the challenge of managing yet another supply side shock with a president that views rate cuts as the answer...
Central Banks Pause Rates Amid Oil, Middle East Risks
Central banks worldwide hold rates steady this week as they watch oil prices and Middle East tensions. The Fed's Powell leads his second-to-last FOMC meeting. 🟢 Open https://t.co/d9xKHu64X9